X-cite rubbishes exit rumour, to expand in Delhi

    X-cite rubbishes exit rumour, to expand in Delhi

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    Vehemently refuting what it called ‘idle speculation rather than an impartial investigation of facts’, consumer electronics retailer X-cite has said that far from shutting shop in India, it is instead poised to expand its store network into Delhi. Responding to a news item that appeared in Financial Express suggesting X-cite’s exit from India, , head – Marketing & Products Management, X-Cite, told IndiaRetailing, “The said piece of article is completely baseless and incorrect; far from selling out our chain, we are in fact in the process of opening our 7th store in , Rajouri Garden, Delhi by the end of the month.”

    X-cite is operated in India by Impact Retail, a franchisee of Kuwait-based , and promoted by Tony Jashanmal. The company currently runs six X-cite stores across India.

    — IndiaRetailing Bureau